FortuneCity.com announces new
site for French speakers worldwide(Business Wire; 05/26/99)

FortuneCity.com (Neuer Markt:FCT), one of the largest and fastest
growing international networks of native language web-based
communities on the Internet, announced today its latest native
language community: the French language site at
http://fr.fortunecity.com or via a link at
www.fortunecity.com. French speakers around the
world, from France to Canada to Belgium and Madagascar, can access
the new community.

The new French site is FortuneCity.com's fourth
non-English-language version of the exciting FortuneCity.com
experience tailored to a global market. There are also versions in
Spanish (http://es.fortunecity.com), Swedish
(www.fortunecity.se) and German
(www.fortunecity.de). In addition, there is a U.K.
site (www.fortunecity.co.uk), and the company plans to offer
communities in Italian, Portuguese and Dutch by the end of 1999.

"FortuneCity.com has quickly become the first true international
community on the Internet. The French language site is yet another
example of our global vision coming to fruition. We also take great
pride that our native language sites are always in tune with the
spirit of each culture," said Peter Macnee, president and CEO,
FortuneCity.com.

For example, the French language site has themed districts called
"Quartiers" with appropriate French names such as "La
Défense" or "La Cité de la Musique." In addition, the
site also has "Ministers," known has "Deputés," which govern
its themed Quartiers.

"This is the largest online community site developed in the French
language. We are eager for French speakers to get excited about the
benefits of being part of a global online community," added Macnee.
"Further, we are making sure that these new citizens know that their
privacy is totally protected at FortuneCity.com -- something all of
our global citizens care about."

Like all FortuneCity international communities, the French
FortuneCity site offers its citizens an industry-leading 20 MB of
free Web space and the best support network available for building
home and business pages. In addition, citizens are offered free
e-mail, chat rooms, message boards and a host of activities from
awards and contests to debates and election activities. For further
information: Peter Macnee, CEO, FortuneCity.com Inc. (tel: 212-995-
2489, Ext.212), Joe Gonzalez, CFO , FortuneCity.com Inc.
(212-995-2489, Ext.213), Allyson Stinchfield, Citigate DGPR
(312-372-6144), Kendra Berke, Citigate DGPR (312-372-6143). Notes to
editors FortuneCity.com Inc.

FortuneCity is one of the largest and fastest growing
international networks of native language Web-based communities on
the Internet. Users register with FortuneCity communities as
"Citizens" to enjoy the interactive entertainment of the Internet
through the opportunity to build their own homepages with an industry
leading 20 MB of free Web space, access free e-mail, chat, share
ideas and experiences and join special interest groups. To date, the
company has community sites in English, German, Swedish, Spanish and
French and intends to offer communities in Italian, Portuguese and
Dutch by the end of 1999. With thousands of Citizens joining each
day, the FortuneCity Communities have grown from approximately
135,000 Citizens in January 1998, to over 1.5 million as of March
1999.

FortuneCity successfully completed an Initial Public Offering of
5,852, 583 common shares at a price of Euro 15 per share, at the top
of the Book Building range of Euro 13 to 15. The offer was 37 times
over-subscribed and raised gross proceeds for the Company of Euro
87,788,745 or $US 94,920,345. The shares began trading on March 19th
1999 on the Neuer Markt Segment of the Frankfurt Stock Exchange.
Proceeds from the offering will be used for the expansion of
advertising, advertising sales and marketing organisations, promotion
of the Company's brand, expansion of its international operations,
for product development and for working capital and general corporate
purposes.

FortuneCity.com is a 50 percent owner of AcmeCity.com, a joint
venture with Warner Bros. Online, a division of Time Warner
Entertainment Company, L.P. and a shareholder of FortuneCity.com.
FortuneCity.com operates the AcmeCity.com community ("AcmeCity"),
which is developed around the proprietary film, television, animation
and music content of Warner Bros. Since its premiere on the World
Wide Web in early 1999, www.acmecity.com has topped half a million
pages of user-generated contents from more than 200,000 registered
members. AcmeCity.com, with its concentration on branded
entertainment fan pages, provides a protected community that is
designed to assure a consistent and quality environment for families
and advertisers.